This paper investigates the quantitative importance of different savings motives on the distributions of wealth and … consumption and aggregate capital accumulation by solving an overlapping generations model with intragenerational heterogeneity …

-utility, a minimum consumption require-ment, Cobb-Douglas technology, and agents differing in initial assets. We prove that the …) the consumption requirement is zero, or (ii) the consumption requirement is not too big and the initial capital stock is … large enough. We also show how a positive consumption requirement or a small elasticity of substitution between capital and …

We use CEX repeated cross-section data on consumption and income, to evaluate the nature of increased income inequality … mainly permanent; and that inequality is driven almost entirely by idiosyncratic income risk. In addition we find no evidence … in the 1980s and 90s. We decompose unexpected changes in family income into transitory and permanent, and idiosyncratic …

reduce wealth inequality; 6) changes in permanent income do not explain a substantial portion of the growing gap between low-wealth … evolution of wealth inequality in Canada between 1984 and 1999. Our main findings are as follows: 1) Wealth inequality has … increased between 1984 and 1999; 2) the growth in wealth inequality has been associated with substantial declines in real …

of labour is near- zero and productivity of land provides only subsistence. Poverty keeps consumption and savings low …

penetration. Keywords: cross-section models, income distribution, inequality, international economic order, economic welfare …

The objective of this work is to analyse the income inequality in the 15 EU countries during the convergence process to … whether the inequality of income has diminished within and between countries over time. Gini's generalised family indices … this particular period, that is, if there was a real convergence in income equality. In addition, we have also studied …

The effects of globalization on income distribution within rich and poor countries are a matter of controversy. While … international trade theory in its most abstract formulation implies that increased trade and foreign investment should make income … the impact of openness and direct foreign investment on relative income shares of low and high deciles. We find some …